A Bond Has a Face Value of $15,000 and a Conversion

question 101

Multiple Choice

A bond has a face value of $15,000 and a conversion ratio of 220. The stock is currently trading at $39.20. What is the conversion price?

• A) $3.41
• B) $13.64
• C) $40.91
• D) $68.18

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Definitions:

Homologous Chromosomes

Members in each pair of chromosomes.

Particular Trait

A distinguishing characteristic or quality, especially of one's personal nature.

Hearing Impairment

A partial or total inability to hear sounds in one or both ears.